Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
International Relation

Mining representative urges Australia to join Belt and Road Initiative

May 06, 2019


Abstract : Minerals Council of Australia Chief Executive Tania Constable has highlighted the importance of an ongoing trade relationship with China, saying Australia missed an "opportunity" by not signing up to the Belt and Road Initiative (BRI) earlier.

SYDNEY, May 6 (Xinhua) -- Minerals Council of Australia Chief Executive Tania Constable has highlighted the importance of an ongoing trade relationship with China, saying Australia missed an "opportunity" by not signing up to the Belt and Road Initiative (BRI) earlier.

Constable said that the two countries needed to "work harder" on their relationship which has recently come under strain, the Australian newspaper reported on Monday.

In a speech to the China Chamber of Commerce, Constable made it clear that as the single biggest purchaser of Australian minerals, China contributes a large part of the country's export income.

"Today China is, without question, an important resources partner -- our export figures make that indisputable," she said.

From 2017 to 2018, Australia's coal exports to China were worth 9 billion U.S. dollars and iron ore exports were less than 35 billion U.S. dollars, according to Constable.

"For the minerals industry and the broader Australian community, the question is: how can our trade relationship be transformed to a business partnership of warmth, depth and trust?"

Constable suggested focusing on the benefits which flow both ways from trade and cooperation, and how this can be expanded on in the future.

Australia is capable of providing not only minerals like nickel, lithium and zinc, resources crucial to the next generation of technology and devices, but also the skills and capability to apply them.

Constable cited the 1 trillion U.S. dollars worth of BRI projects, "internationally recognized as sustainable and meeting green standards," which Australia could assist in.

"Australia could again be important to help meet Chinese aspirations," Constable said.

"We have expertise in advanced resource extraction, refinery and development of resources, wind and solar (and) mine rehabilitation, water management, tailings management, environmental conservation and clean energy solutions."

"This is the time for the relationship to be reset and to highlight how we can grow together as two economies."

Scan the QR code and push it to your mobile phone

Keyword: mining belt and road

Reading:

China releases regulation on government investment

Summit demonstrates China's leapfrog into digital world

China's listed firms spend more on R&D in 2018

China's listed firms see steady revenue growth in 2018

China's iron ore futures trading sees active overseas investor participation

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial